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8 little-known benefits of employee assistance programs

Insperity

Before we jump into the surprises, here are some common benefits of EAPs: Legal issues. Personal finances. Creating important legal documents. The standard EAP legal offering is usually a much more affordable and efficient route versus employees trying to go it alone. Physical health and wellness. Education and academics.

Legal 315
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Pay compression: What it is and how to fight it

Insperity

When low-level employees receive a legally mandated pay increase that action can throw off the pay scale for an entire company. If money is tight, there are options (see “Encourage collaboration between HR and finance staff” section below). Encourage collaboration between HR and finance staff. Consult legal counsel.

Salary 183
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Workplace sexual harassment: what it is and how to combat it

Insperity

It negatively affects employees’ mental and physical health, their finances and opportunities to advance in their careers, according to The Institute for Women’s Policy Research [ (IWPR). while minimizing risks of costly legal battles down the road. Organizations, too, can pay a hefty price. Protecting your employees and your business.

Legal 218
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3 Smart Money Moves to Make Before Starting a Business

Success

Unsurprisingly, finances are at the top of the planning list. Once you do the prep work and assess your current cash flow and resources, determine whether you can or should finance the business yourself or will need outside capital. Plan for your personal finances. You should consult your own tax, legal, and accounting advisors.

Finance 138
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4 Smart Money Moves to Plan for Financial Security

Success

That’s because when we delay organizing our finances, it causes us to delay a lot of other things, too. A survey by Insider and Morning Consult from 2019 showed that millennials were more likely to put off buying houses, making career moves, undergoing medical procedures and even getting hitched—all because of cash-related reasons.

Planning 131
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Benefits of outsourcing HR for small businesses

BMT Office Administration

HR service providers will have well-crafted, legally tested policy recommendations that can be customized for your business. This allows business owners to focus their time on the day-to-day employee relations and other operational needs like sales and finance. Outsourcing HR functions removes the burden.

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5 steps to more financially stable employees

Insperity

When an employee is worried, unproductive and can’t afford to participate in group activities and outings because of finances, it not only affects the person but the team as a whole. Or, maybe employees want to create a will and need legal advice. They can be referred to an attorney and get a consultation.

Insurance 185